Archives for May 2017

May 29, 2017

By the end of 2014, 4.2 million Europeans are working on full time employment in the economic sector Environment, according to Eurostat data released in connection with the Green Week Forum, which is being held in Malta. The majority of these jobs, around 60%, are related to environmental protection. The rest are related to resource

May 28, 2017

Russia will hold the largest bid to buy green power capacity between May 29th to June 9th. The local authorities expect bids for 1.99 Gigawatt. The procedure is an attempt to attract foreign investors to create jobs in the country. The government-sponsored auction has already attracted the interest of the largest Finnish energy company Fortum

May 27, 2017

The US economy is growing at a faster rate in the first quarter than previously calculated, according to the second reading of the data. The increase is revised upwards from 0.7% to 1.2% on annual basis and this may somewhat dispel the fear of slow growth in early 2017. The first reading of the data

May 26, 2017

The US consumer confidence remained at some of its highest levels since the US elections. The good attitudes of Americans reflect the improved wage prospects and suggest that consumption will continue to grow, says the University of Michigan, which is conducting the survey. The consumer confidence index rose from 97 points in April 2017 to

May 25, 2017

The number of Americans applying for unemployment benefits rose less than expected last week. The four-week average value of jobless claims, which is considered to be a better indicator of labor market trends, has fallen to a 44-year low, suggesting further tightening the labor market. The submissions for unemployment benefits rose by 1,000 to seasonally

May 19, 2017

The US labor market continues to show stability signals. Claims for unemployment benefits declined for a third consecutive week to its lowest level since 1973, according to data from the Labor Department. The documents submitted decreased by 4,000 to 232,000. The four-week average value, which is less volatile, is down to 240,750. Human resources managers

May 18, 2017

In the last quarter of 2016, 3.32 million people in the European Union (EU) were able to find job, according to the latest data of European Statistics Office Eurostat. The figure represent a total 18.4% of all unemployed in the third quarter of last year. The institution specified that the data did not include statistics

May 17, 2017

The UN expects global GDP to increase by 2.7% in 2017 and by 2.9% in 2018 due to a moderate recovery in trade and investment, reveals the updated report “World Economic Situation and Prospects 2017”, published today on the organization’s website. Thus, the UN confirms its forecasts made in January for a restored recovery of

The oil market has actually achieved a balance and this process will continue to accelerate in the short term, according to the International Energy Agency (IEA) showed in its monthly report. “We think rebalancing is going on and going on”, said the director of the oil industry and markets unit at the IEA, Neal Atkinson.

European Union (EU) returned to positive trading balance with rest of the world in March 2017, as the trade surplus amounted to 10.5 billion EUR. The amount is almost twice higher than the surplus reached in March 2016, amounting to 5.9 billion EUR, according to the Eurostat’s preliminary seasonally unadjusted data. In the third month